Proximity To IT Parks Fuelling Demand In These Residential Markets

IT jobs have always been a driver for quality residential real estate. And it is a no brainer, how residential markets closer to IT hubs have seen significant demand for quality residential real estate both in terms of sale and rent.  This week Outlook Money’s Residential Realty in association with Magicbricks brings to you four key residential markets across India that have benefitted due to their proximity with IT parks.

Indirapuram, Ghaziabad

Situated along the Delhi-Meerut Expressway, Indirapuram is an established residential locality divided into various khands (sub-localities) such as Vaibhav Khand, Abhay Khand, Nyay Khand, Niti Khand, Shakti Khand, etc. It is surrounded by prominent Ghaziabad areas of Vasundhara, Pratap Vihar, Vaishali as well as Noida Sectors 62 & 63. It hosts a mix of gated colonies, builder floors and multi-storey apartments.

The locality is conveniently placed close to key job hubs of Noida such as Galaxy Business Park, Logix Cyber Park and Spring Meadows Business Park. Besides, it shares sound connectivity with various corporate parks situated on Greater Noida Expressway.

Indirapuram is easily accessible from Noida and Delhi, via Delhi-Meerut Expressway, Mohan Nagar Link Road and Vishwakarma Road. Anand Vihar Railway Station is situated 10 km away and can be reached within half an hour from the locality. Indirapuram also shares close connectivity with Blue Line metro stations of Vaishali and Noida Electronic City, both placed 5 km away. Presence of adequate social and retail infra further enhances its residential attractiveness. Key amenities include DPS Indirapuram, St. Francis School, Indirapuram Public School, Shanti Gopal Hospital, Max Super Speciality Hospital Vaishali, Shipra Mall, Indirapuram Habitat Centre, etc.

Miyapur, Hyderabad

Situated along NH 65, Miyapur is a developing locality in north-west outskirts of Hyderabad. Availability of developed physical & social infra, connectivity to key IT hubs and presence of affordable property options, have made Miyapur a steadily growing residential area. It boasts excellent network of roads connecting it with other key parts of the city including NH-65, Miyapur-Gachibowli Road and Nehru Outer Ring Road. Besides, the Hafizpet MMTS station is situated nearby about 5-6 km from the locality. Also, the operational Miyapur-LB Nagar metro line is another important medium of transportation.

The locality comprise industrial areas such as Bollaram Industrial Area, Dr. Reddy's Enclave and Ameenpur Industrial Area, having several manufacturing and pharmaceutical entities. Moreover, Miyapur shares sound connectivity with key IT corridors of Gachibowli and Hitec City, having IT majors including Infosys, TCS, Wipro, Microsoft India, Accenture and Capgemini, among others.

Adequate social and retail amenities are available in and around the locality. These include Sentia The Global School, Genesis International School, Pranaam Hospital, Srikara Hospitals, D Mart, Reliance Fresh and More Supermarket. Also, the popular Manjeera Mall and Forum Sujana Mall are 10 away, reachable within 30 minutes from Miyapur.

Bopal, Ahmedabad

Situated along Sardar Patel Ring Road, Bopal is a fast developing residential locality in western periphery of Ahmedabad. It largely consists of multi-storey apartment and villa projects, suited for affordable and mid-segment buyers. The locality has a blend of completed and under-construction projects well-equipped with modern amenities. Bopal enjoys availability of decent social and retail infra such as DPS Bopal, Shanti Asiatic School, The New Tulip International School, Shalby Hospitals, Adwait Multispecialty Hospital, Amrapali Axiom, SOBO Center and Suncity Shopping Center.

Bopal enjoys sound connectivity through Bopal-Ghuma Road and Gala Gymkhana Road, which merge with Sardar Patel Ring Road further connecting Bopal to other distant places in the city. Besides, Ambli Road and Sindhu Bhavan Marg are other key roads which connect Bopal with SG Highway. While, the nearest Ambli Road Railway Station is placed 6 km away, the major Ahmedabad Railway Station is 16 km away.

Several prominent job centres are situated in the nearby areas of Prahlad Nagar, Makarba and Satellite, placed within 10 km. These include Pinnacle Business Park, Synergy Tower, Shapath V, Commerce House 5, Westgate Business Bay and Siddhi Vinayak Towers.

Rajarajeshwari Nagar, Bengaluru

Rajarajeshwari Nagar, also known as RR Nagar, is a developed locality in South West Bengaluru. Placed along Mysore Road, the locality is surrounded by residential areas of Kengeri, Nagarbhavi and Banashankari. It enjoys ample greenery and presence of adequate social and retail infrastructure.

Reputed educational institutions here are National Hill View Public School, Orchids The International School, Global Academy of Technology, RNS Institute of Technology and RV College of Engineering. Key hospitals and shopping avenues in near vicinity are SSNMC Super Specialty, BGS Gleneagles Global, Fortis Hospital, Gopalan Arcade Mall, Top In Town Hyperbazaar and METRO Cash & Carry Supermarket.

The locality also comprise Global Village Tech Park, a key technology park, which hosts offices of major IT companies such as Accenture, Mphasis, Mindtree, Sonata Software and NTT Data Services. RR Nagar is well-connected with other important areas and employment hubs, via Mysore Road, NICE Ring Road and Outer Ring Road. It is served by BMTC bus network. Kengeri Railway Station and Mysore Road Metro Station are also placed nearby, about 5-6 km away. Moreover, the locality would get its own metro station, post completion of Purple Line extension by 2023.